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DI 29 april 2021
Inte 1 April
Money from stock offerings is flowing into below-investment-grade companies at a pace not seen since the dot.com boom of the 1990s
SPACs, also known as blank-check companies, have issued roughly $100 billion of stock this year, a record, to buy private companies and take them public. Some SPACs are targeting companies with below-investment-grade credit ratings, hoping to use their cash piles to pay down debt and grow the businesses.